KATHMANDU, Dec 16: The Embassy of Nepal in the United Arab Emirates (UAE) has urged Nepali citizens residing there not to engage in or facilitate illegal financial transactions, commonly known as hundi.
Issuing an urgent notice on Tuesday, the embassy stated that sending remittances through informal channels or failing to remit earnings to Nepal through official means is illegal. In line with the Government of Nepal’s policy, all remittances sent from abroad must be transferred only through authorized and formal financial institutions, the notice said.
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The embassy added that it regularly coordinates with the Ministry of Foreign Affairs, the Ministry of Finance and other concerned agencies regarding such matters. It warned that any Nepali individual or organization found involved in informal hundi transactions in the UAE would be considered to be acting illegally.
The embassy has also requested the Nepali community to assist by providing details, along with evidence, of any individuals or institutions involved in such illegal activities via the embassy’s official email.
Calling for collective responsibility, the Nepali Embassy appealed to all Nepalis in the UAE to cooperate in discouraging illegal financial transactions.
